Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026)

Caledonia Mining (CMCL) reported Return on Capital Employed of 32.17% for Q1 2026, up 1982.0% year-over-year from 1.55% in Q1 2025, and down 14.19% quarter-over-quarter from 37.49% in Q4 2025.

Caledonia Mining (CMCL) Return on Capital Employed (2010 - 2026) Analysis & Trends

Caledonia Mining (CMCL) has 17 years of Return on Capital Employed data on file, last reported at 32.17% in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 32.17%, up 1982.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 32.17% (up 1982.0% YoY), and the FY2025 annual result was 40.56%, up 2500.0% from the prior year.
  • Return on Capital Employed declined to 32.17% in Q1 2026 per CMCL's latest filing, from 37.49% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 37.49% in Q4 2025 and troughed at 0.64% in Q3 2023.
  • A 5-year average of 15.34% and a median of 12.35% in 2025 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2023 and 2025: Return on Capital Employed tumbled 2065 bps in 2023, then surged 3011 bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 17.91% in 2022, then sank by 79 bps to 3.82% in 2023, then jumped by 93 bps to 7.39% in 2024, then surged by 408 bps to 37.49% in 2025, then retreated by 14 bps to 32.17% in 2026.
  • Business Quant data shows CMCL's Return on Capital Employed at 32.17% in Q1 2026, 37.49% in Q4 2025, and 32.78% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -5.02%
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 9.05%
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 9.04%
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 22.92%
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn -
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 21.10%
8 Equinox Gold 47.64 Bn 47.14 Bn - -
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn -
10 Caledonia Mining 3.10 Mn -158.05 Mn 32.10 Mn 32.17%

Historic Data

Download Data
DateValue
Mar 31, 2026 32.17%
Dec 31, 2025 37.49%
Sep 30, 2025 32.78%
Jun 30, 2025 28.26%
Mar 31, 2025 12.35%
Dec 31, 2024 7.39%
Sep 30, 2024 3.51%
Jun 30, 2024 3.79%
Mar 31, 2024 7.05%
Dec 31, 2023 3.82%
Sep 30, 2023 0.64%
Jun 30, 2023 1.73%
Mar 31, 2023 9.23%
Dec 31, 2022 17.91%
Sep 30, 2022 21.30%
Jun 30, 2022 21.90%
Mar 31, 2022 19.43%
Dec 31, 2021 19.37%
Sep 30, 2021 19.35%
Jun 30, 2021 18.33%